Stripe vs Payoneer: Which Payment Provider is Right for Your Business?

Choosing the right payment processor can make the difference between a smooth transaction and a frustrated customer. Payments are not just about getting money from A to B—they’re about creating a smooth user experience.

When it comes to Stripe vs Payoneer, both companies have earned solid reputation and offer powerful solutions. But which one is the better fit for your business?

In this Stripe and Payoneer comparison, we'll review the key differences between them, from features and integration to fee, so you can make an informed decision.

Stripe vs Payoneer for Online Payments

Stripe for Online Payments

Stripe provides a robust set of tools for online payments, offering API integration, intuitive user interfaces, and no-code options.

With Stripe Checkout, businesses can integrate a ready-made payment gateway into their website using APIs. They can direct customers to a Stripe-hosted page for handling one-time transactions or subscriptions. This feature supports over 30 languages and 135+ currencies.. Stripe also includes Link, its own one-click checkout solution for faster payments.

For merchants looking for customisation, Stripe Elements allows them to design tailored payment flows using pre-built UI components. Stripe Connect enables easy payment integration into e-commerce platforms and marketplaces, such as Shopify and DoorDash, embedding payments directly within their interfaces.

Stripe’s no-code features, namely payment links, enable merchants to sell without needing a website. They can create a complete payment page and share it via a link, with no coding required.

On the security front, Stripe employs Stripe Radar, a machine-learning-based fraud prevention system. Additionally, Stripe offers Acceptance Optimisation to enhance payment success rates.

Stripe supports over 100 global payment methods, including bank transfers, real-time payments, Buy Now, Pay Later (BNPL) options, cards, digital wallets, cash vouchers, and bank debits and redirects.

Payoneer for Online Payments

Payoneer provides a variety of services for businesses, freelancers, and marketplaces, offering flexible payment solutions.

The Payoneer Checkout system gives merchants a payment gateway to accept transactions on their website. Designed for flexibility, it supports a wide range of payment methods, including credit cards, local bank transfers, ACH bank debits, and direct bank payments.

When it comes to integration, Payoneer offers several options: shopping cart plugins for e-commerce platforms like Shopify and WooCommerce, an embedded payment page that integrates directly into the merchant’s UI, and a hosted payment page that redirects customers for secure processing.

Payoneer also ensures security through its advanced anti-fraud system, protecting payments with intelligent risk monitoring. Additionally, it provides dispute management with pre-dispute alerts and a dedicated chargeback team to handle any payment issues.

For businesses needing to collect payments, Payoneer offers a streamlined invoicing tool, allowing easy payment requests, making it a versatile option for a variety of business needs.

Stripe Fees vs Payoneer Fees for Online Payments

In terms of Stripe vs Payoneer charges, both providers offer fee breakdown on their websites.

Stripe fees in GBP, as of 23 September 2024. For a full breakdown of Stripe pricing please see the provider’s website.

Meanwhile, Payoneer offers free payments provided they come from or to another Payoneer customer in the provider’s ecosystem.

When getting paid externally, the provider charges for up to 3.99% for credit cards in all currencies, and in certain countries, an additional fixed fee of $0.49. For ACH bank debits in the US, it’s 1% fee and for PayPal in the US it’s 3.99% + $0.49.

Payoneer fees as of 23 September 2024. For a full breakdown of Payoneer fees please see the provider’s website.

Payoneer vs Stripe: Other Features

Stripe offers embedded payments and financial services through the issuance of both physical and virtual cards. In addition, it offers a suite of tools to automate financial operations, including billing, revenue recognition, tax automation, online invoicing, and the generation of custom reports.

In contrast, Payoneer extends its services beyond payments and payouts for e-commerce merchants. It supports freelancers and marketplaces with a wide range of features to facilitate global payments. Payoneer also offers business capital advances, currency management between balances, and partnerships that provide additional benefits, making it a flexible option for different business types.

Which Is Better: Stripe or Payoneer?

This depends on what your business needs are. The providers may be a better fit for different types of businesses.

For example, Stripe may be a better fit for tech-savvy companies that need flexibility. With its API integration, Stripe offers customisation and scalability. It also offers some no-code payment tools. Therefore, Stripe could be a better fit for startups and tech-savvy merchants.

On the other hand, Payoneer is tailored more towards freelancers, marketplaces, and global businesses. It’s best for those that need a straightforward, versatile system for receiving and sending payments across borders.

Noda: Stripe and Payoneer Alternative

Searching for a payment solution that’s simpler and more cost-effective? Noda is a smart alternative to Stripe and Payoneer. Noda offers a secure, efficient way for small and medium-sized businesses to manage payments smoothly.

Power of Open Banking

Noda leverages Open Banking API technology to provide pay-by-bank or direct bank payments, allowing your customers to pay straight from their bank accounts. This creates a faster, smoother user experience with fewer steps, plus lower fees and no chargebacks.

No-Code Payment Links

Noda makes setup easy with no-code payment links. You can create a fully functional payment page without needing any technical expertise. Simply generate the link and share it with customers — all without writing a single line of code.

Easy Integration and Global Reach

Getting started with Noda is simple. We provide payment plugins for popular e-commerce platforms like WooCommerce, OpenCart, Magento, and PrestaShop. Noda partners with over 16,500 banks in 27 countries, ensuring you can scale your business globally while offering customers trusted, local payment options.

Grow Your Business with Noda

Noda does more than just process payments — we help your business thrive. Our tools assist with customer verification, improve the user experience, and provide user insights that enable you to make informed business decisions. We are your partner in growth.